If the RBA hikes does in fact lift rates by 0.50 per cent, RateCity.com.au analysis found the average borrower could be paying $760 more a month than they were before hikes started in May.
For an owner-occupier borrower with a $500,000 debt at the start of the hikes, and 25 years remaining on their loan, the total increase to their monthly repayments could be $760 – a 33 per cent increase since the start of May.
Read more at Yahoo Finance
